• Private-company valuations can fall despite earnings growth when market multiples compress, reflecting market repricing rather than weaker operating performance.
• GF Data reported average 2025 EBITDA multiples of 7x for sub-$100 million platforms versus 9.8x for $100 million to $500 million platforms.
• Lower valuations can raise private credit loan-to-value ratios even when loan balances and borrower earnings have not deteriorated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bip Capital LLC published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.